Question

Which of the following is/are a/the feature(s) of a developed country?

• A. High literacy rate
• B. People are predominantly engaged in the service sector
• C. People are relatively happier in the country
• D. Per capita income is more than $12,536 per annum

Answer 1

Answer: (A), (B), (D)

Per capita income is more than $12,536 per annum

The World Bank broadly classifies countries into low-income, lower middle-income, higher middle-income, and high-income countries.

As per the World Bank report of 2016, any country with a per capita income of more than $12,336 per annum can be categorised as a high-income country or a developed country. High literacy rates and dependence on the service sector are the key features of developed countries.